争光股份(301092) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was CNY 571,839,030.51, representing an increase of 8.67% compared to CNY 526,200,402.55 in 2023[22] - The net profit attributable to shareholders for 2024 was CNY 102,995,483.38, a decrease of 5.33% from CNY 108,791,131.72 in 2023[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 87,705,450.24, down 5.72% from CNY 93,022,187.27 in 2023[22] - The net cash flow from operating activities for 2024 was CNY 82,657,049.60, a decline of 4.27% compared to CNY 86,344,182.88 in 2023[22] - The total assets at the end of 2024 amounted to CNY 2,210,322,450.41, an increase of 8.38% from CNY 2,039,438,290.26 at the end of 2023[22] - The net assets attributable to shareholders at the end of 2024 were CNY 1,886,045,107.20, reflecting a growth of 3.66% from CNY 1,819,379,854.45 at the end of 2023[22] - The basic earnings per share for 2024 were CNY 0.77, down 4.94% from CNY 0.81 in 2023[22] - The weighted average return on net assets for 2024 was 5.58%, a decrease from 6.17% in 2023[22] Market and Industry Position - The company operates in the ion exchange and adsorption resin industry, which is classified as a strategic emerging industry, with applications expanding into high-end industrial water, food and drinking water, nuclear industry, electronics, biomedicine, and environmental protection[31] - The market for ion exchange and adsorption resins is expected to grow due to increasing demand from various sectors, including clean energy and biomedicine, driven by national policies and consumer health needs[32] - The company has established a strong presence in international markets, exporting products to countries such as Germany, Switzerland, Russia, Italy, South Korea, the USA, and Africa, serving major clients like BRITA and Mitsubishi Chemical[36] Research and Development - As of December 31, 2024, the company has 84 R&D personnel, representing 21.31% of total employees, indicating a strong focus on innovation and technical development[37] - The company has been recognized as a "National High-tech Enterprise" and a "National Manufacturing Single Champion Demonstration Enterprise," highlighting its commitment to innovation and quality[37] - The company aims to enhance traditional products while breaking the technological monopoly of developed countries and promoting domestic alternatives[37] - The company has achieved significant advancements in production technology, being one of the few in the industry to master high-end ion exchange and adsorption resin production techniques[37] - In 2024, the company introduced 2 senior technical professionals and applied for 12 invention patents[38] - The company has established a research and development model focused on independent and collaborative efforts, with a strong emphasis on new product and application development[46] Production and Operations - The procurement strategy is based on "sales-driven production" and "production-driven purchasing," ensuring a balance between safety stock and market demand[47] - The production process is characterized by "small batch, multiple varieties, and flexibility," utilizing advanced distributed control systems for quality consistency[48] - The sales model primarily relies on direct sales, supplemented by agents and trade partners, with a dedicated sales department for market expansion[49] - The company has a designed capacity of 22,050 tons for ion exchange and adsorption resins, with a capacity utilization rate of 113.48%[61] - The company has completed the construction of a 15,000-ton food-grade resin production line and is progressing with a 39,000-ton ion exchange and adsorption resin project, which is 60% complete[61] Financial Management and Investment - The company raised a total of RMB 121,033.34 million through its public offering, with a net amount of RMB 109,997.56 million after deducting underwriting and related fees[108] - As of December 31, 2024, the company has utilized RMB 89,272.32 million of the raised funds, representing an 81.16% usage rate[108] - The company has a remaining balance of RMB 20,725.24 million in unutilized funds, which is currently held in a dedicated account[108] - The company has incurred RMB 27.51 million in other expenses related to the fundraising process[108] - The company has approved the use of up to RMB 6 billion of idle funds for cash management, ensuring that it does not affect normal operations[111] Environmental Compliance - The environmental protection administrative license was re-applied on November 13, 2024, valid until November 12, 2029[196] - The company adheres to the synthetic resin industrial pollutant discharge standards (GB31572-2015) and petroleum chemical industry pollutant discharge standards (GB31571-2015)[195] - The total COD discharge for Ningbo Zhangguang Resin Co., Ltd. was 23.24 mg/L, which is below the standard of 24.45 mg/L[197] - The total ammonia nitrogen discharge for Ningbo Zhangguang Resin Co., Ltd. was 3.10 mg/L, below the standard of 3.26 mg/L[197] - The company has established a rainwater and sewage diversion system, ensuring wastewater treatment meets standards before discharge[199] Corporate Governance - The company has a complete governance structure, including a shareholders' meeting, board of directors, and supervisory board, ensuring independent management[144] - The company operates independently from its controlling shareholders in terms of assets, personnel, finance, institutions, and business[139] - The company has established an independent personnel management system, ensuring that senior management does not hold positions in related parties outside of subsidiaries[141] - The company has a governance structure with a clear distinction between executive and independent directors, ensuring checks and balances[151] Employee Management - The company has a total of 394 employees at the end of the reporting period, with 69 in the parent company and 325 in major subsidiaries[168] - The professional composition includes 204 production personnel, 43 sales personnel, 84 technical personnel, 8 financial personnel, and 55 administrative personnel[168] - The company has implemented a comprehensive training plan for 2024, including safety education for new employees and various skill training sessions[171] - The company has established a comprehensive employee benefits package, including five social insurances and one housing fund[169] Dividend and Profit Distribution - The company plans to distribute a cash dividend of 2.60 CNY per 10 shares (including tax), totaling 34,649,025.84 CNY for the 2023 fiscal year[173] - The total distributable profit for the year is 337,460,622.75 CNY, with the cash dividend accounting for 100% of the total profit distribution[176] - The decision-making process for the profit distribution plan is complete and complies with the company's articles of association and shareholder resolutions[173]